Market Statistics:
Europe Tissue and Hygiene Paper market was valued at US$ 50.55 Bn in 2021 and is forecast to reach a value of US$ 59.55 Bn by 2030 at a CAGR of 1.62% between 2021 and 2030.
Figure 1. Europe Tissue and Hygiene Paper Market Value Share (%), By Product Type, 2021
Recent Developments:
Market Trends/Key Takeaways:
Growing popularity of ready-to-eat food products is expected to uplift the market growth over the forecast period. For instance, many ready-to-eat foods or fast food are wrapped in the wrapping tissue paper. According to the Confederation of European Paper Industries 2021 report, the total production and consumption of wrapping paper accounted for 4056 thousand metric tons and 2647 thousand metric tons in 2019 across Europe.
Increasing adoption of growth strategy by key players in the market is also expected to be one of the trend in the market. For instance, in November 2021, DoorDash Inc. acquired Finnish food-delivery startup Wolt Enterprises Oy for about USD 8 billion as it seeks to stay ahead of rivals in the race to satisfy soaring demand for fast delivery of everything from food to prescriptions and pet supplies.
Joining thousands of companies around the world committed to making the Excellent Business Solutions.
View All Our Clients